Articles tagged with 'insolvency' | ASIC

ASIC news hub (insolvency)

2021
18
January
2021
| 13:10 Australia/Sydney
The Australian Government introduced insolvency reforms for small businesses that came into effect on 1 January 2021, including temporary restructuring relief. These reforms extend some of the temporary measures introduced in March 2020 in response t...
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2020
29
December
2020
| 13:05 Australia/Sydney
New insolvency reforms apply to incorporated small businesses with liabilities of less than $1 million. Reforms include new debt-restructuring and simplified liquidation processes. Government is creating a new ‘class’ of registered liquidator who...
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24
November
2020
| 16:36 Australia/Sydney
Company and business name registrations increased slightly in the first nine months of 2020 compared to 2019. Guidance and support are available for companies and small business owners impacted by the COVID-19 pandemic. There has also been a chan...
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19
October
2020
| 09:00 Australia/Sydney
Take steps to minimise the adverse impact of the collapse or closure of other small businesses (small and medium enterprises (SMEs)). What to do if you are owed money – steps to debt recovery as a creditor. Seek advice from a trusted business adv...
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17
July
2020
| 13:07 Australia/Sydney
Fewer companies were registered with ASIC in the first six months of 2020 compared to the first six months of 2019. In the same period, the number of newly registered business names increased. Advice and support are available for companies and sm...
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22
June
2020
| 10:00 Australia/Sydney
As the director of a company trading a business, it’s your legal duty to monitor the financial position of your business to ensure it can pay its debts when they are due. Temporary relief measures introduced by the government in response to COVID-...
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22
June
2020
| 09:00 Australia/Sydney
If your company has been impacted financially by the COVID-19 pandemic, this article provides information on closing, winding-up or restructuring a company. Advice and support are available for small business owners. Mental health resources – whe...
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02
June
2020
| 09:00 Australia/Sydney
How to protect your small business. Small business and financial distress. Trading while insolvent. ...
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20
April
2020
| 13:36 Australia/Sydney
Company directors are encouraged to seek advice early from a qualified and independent adviser about the company’s financial affairs and the options available to manage the disruption caused by COVID-19. Even though temporary relief is provided fr...
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